Interactive entertainment company Atari (Euronext Growth Paris:ALATA) (OTC Pink Current:PONGF) on Friday announced plans to acquire a further 18% stake in Swedish digital games publisher Thunderful Group AB (First North GM Sweden:THUNDR) through a directed share issue, increasing its ownership to 90.2% pending shareholder approval.

The SEK35m share issuance, subject to approval at an Extraordinary General Meeting on 26 January 2026, involves 350 million new shares priced at SEK0.10 per share, a 46% discount to the 18 December 2025 closing price. Upon completion, Atari will seek to delist Thunderful from Nasdaq First North Growth Market in Stockholm.

This transaction follows Atari's initial investment in August 2025 and supports its multi-year transformation strategy.

After delisting of Thunderful's shares, Atari will launch an offer to acquire all remaining shares at SEK0.30 per share, representing a 61% premium to the 18 December 2025 closing price and a 100% premium to the August 2025 directed share issue price. Atari will also initiate a compulsory redemption procedure under the Swedish Companies Act to reach full ownership. The redemption price will match the offer price of SEK0.30 per share.

The transaction will be financed using Atari's own resources or a potential new loan from IRATA LLC, the holding company of Atari chairman and CEO Wade Rosen.

(EUR1=SEK10.90)